ULBA METALLURGICAL PLANT JSC
One of the worldwide recognized producers of Uranium, Beryllium, Tantalum and Niobium products. The company is incorporated into the National Atomic Company “Kazatomprom” To the future with us!
Board of Directors Resolutions
2019
Nineteen (19) meetings of the Board of Directors were held in 2019, where 92 issues were discussed and resolutions made, including on:
- Approval of UMP JSC Board of Directors Work Plan for 2019;
- Appointment of UMP JSC Corporate Secretary;
- Approval of Report on Implementation of UMP JSC Sustainable Development Program in the Field of Corporate Social Responsibility in 2017-2019 for 2018;
- Approval of Action Plan for Minimizing the Risks of Non-Compliance with the Applicable Regulatory Requirements in the Field of Compliance at UMP JSC;
- Approval of UMP JSC business plan documents for 2020 and development plan for 2020-2024;
- Five (5) transactions of interest for the Company;
- Approval of risk registers, risk map, risk appetite and reports of UMP JSC risks management;
- Approval of Assessment Procedure for Corruption Risks at UMP JSC;
- Approval of Key Performance Indicators (KPIs) Map of UMP JSC Executive Board Chairman and members for 2019;
- Approval of Key Performance Indicators (KPIs) for UMP JSC Internal Audit Service staff for 2020.
- Approval of Key Performance Indicators (KPIs) Map of UMP JSC Corporate Secretary for 2019;
- Approval of payment of 2018 annual performance-based remuneration to UMP JSC Executive Board Chairman and members;
- Approval of quarterly reports on UMP JSC Internal Audit Service activity;
- Approval of quarterly reports of UMP JSC Corporate Secretary;
- Approval of Rules for Determining the Size of Official Salaries, Conditions of Remuneration, Bonuses Payment and Assessment of UMP JSC Top Managers.
- Approval of updated financial and economic indicators of UMP JSC Development Strategy for 2018-2028.
2020
Twenty (20) meetings of the Board of Directors were held in 2020, where 117 issues were discussed and resolutions made, including on:
- Approval of UMP JSC Board of Directors Work Plan for 2020;
- Approval of Report on Implementation of UMP JSC Sustainable Development Program in the Field of Corporate Social Responsibility in 2017-2019 for 2019;
- Approval of Action Plan for Minimizing the Risks of Non-Compliance with the Applicable Regulatory Requirements in the Field of Compliance at UMP JSC;
- Approval of the documents regulating internal activities of UMP JSC;
- Approval of UMP JSC business plan documents for 2021 and development plan for 2021-2025;
- Nine (9) transactions of interest for the Company including
- 4 bid deals and 1 deal with the cost of ten and more percent of the total balance cost of the assets by the joint-stock company;
- Approval of risk registers, risk map, risk appetite and reports of UMP JSC risks management;
- Election of UMP JSC Board Chairman, defining his salary and terms of payment and bonus;
- Assignment of the UMP JSC Risk and Compliance Officer, defining his authorities, defining his salary and terms of payment and bonus and social support, approval of his labor contract terms;
- Approval of Key Performance Indicators (KPIs) Map of UMP JSC Executive Board Chairman and members for 2020;
- Approval of Key Performance Indicators (KPIs) for UMP JSC Internal Audit Service staff and Corporate Secretary and Compliance Officer;
- Approval of payment of 2019 annual performance-based remuneration to UMP JSC Executive Board Chairman and members;
- Approval of quarterly reports on UMP JSC Internal Audit Service activity, Corporate Secretary and Risk and Compliance Officer of UMP JSC;
- Review of quarterly reports by UMP JSC Executive Board Chairman on financial and production issue of the Company;
- Approval of Rules for Determining the Size of Official Salaries, Conditions of Remuneration, Bonuses Payment and Assessment of UMP JSC Internal Audit Unit, Corporate Secretary and Risk and Compliance Officer;
- Approval of 2019 Performance of UMP JSC Development Strategy for 2018-2028.
2021
In 2021, 18 meetings of the Board of Directors were held where 125 isuues were reviewed and the decisions were made, including:
- approval of UMP JSC Board of Directors Work Plan for 2021;
- approval of documents regulating UMP JSC internal activities;
- approval of UMP JSC documents on Development Plan for 2022-2026;
- 13 transactions in which the Company has an interest, including
- 2 transactions, the value of which is ten percent or more of total book value of the assets of the joint-stock company;
- approval of risk register, risk map, risk appetite and risk management reports of UMP JSC;
- appointment of UMP JSC Risk and Compliance Officer, determination of his term of office, determination of the amount of official salary, conditions of remuneration;
- appointment to the position of UMP JSC Corporate Secretary, determination of his term of office, amount of official salary and remuneration conditions.
- approval of the Key Performance Indicators (KPIs) Map of UMP JSC Chairman and members of Executive Board for 2021;
- approval of Key Performance Indicators of employees of Internal Audit Service, Corporate Secretary and Risk and Compliance Officer of UMP JSC;
- approval of quarterly reports on the activities of Internal Audit Service, Corporate Secretary and Risk and Compliance Officer of UMP JSC;
- approval of Rules of Remuneration, Bonuses and Social Support of Internal Audit Service, Corporate Secretary and Risk and Compliance Officer of UMP JSC;
- approval of Report on implementation in 2020 of UMP JSC Development Strategy for 2018-2028.
